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Schuldentragfähigkeit in der Eurozone bei niedrigen bzw. negativen Zinsen
[Debt Sustainability in the Euro Area When Interest Rates Are Low or Negative]

Author

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  • Hans-Jörg Naumer

    (Allianz Global Investors GmbH)

Abstract

Zussamenfassung Wer soll das bezahlen? — eine Frage, die sich in Anbetracht der gegen die Corona-Krise geschnürten Fiskalpakete derzeit viele stellen. Die Staatsausgaben für die Maßnahmenpakete zur Stabilisierung der Wirtschaft sind enorm. Gleichzeitig sinken die Steuereinnahmen. An Lösungsvorschlägen mangelt es nicht: von „Helikoptergeld“ der Zentralbanken bis „Lastenausgleich“ per Vermögensteuern. Dabei hilft bereits das Niedrig- bzw. Negativzinsumfeld, die weiter steigenden Schuldenberge abzutragen.

Suggested Citation

  • Hans-Jörg Naumer, 2020. "Schuldentragfähigkeit in der Eurozone bei niedrigen bzw. negativen Zinsen [Debt Sustainability in the Euro Area When Interest Rates Are Low or Negative]," Wirtschaftsdienst, Springer;ZBW - Leibniz Information Centre for Economics, vol. 100(9), pages 682-686, September.
    • Handle: RePEc:spr:wirtsc:v:100:y:2020:i:9:d:10.1007_s10273-020-2738-8
    DOI: 10.1007/s10273-020-2738-8
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    References listed on IDEAS

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    1. Peter Bofinger & Sebastian Dullien & Gabriel Felbermayr & Clemens Fuest & Michael Hüther & Jens Südekum & Beatrice Weder di Mauro, 2020. "Wirtschaftliche Implikationen der Corona-Krise und wirtschaftspolitische Maßnahmen [Economic Implications of the Corona Crisis and Economic Policy Measures]," Wirtschaftsdienst, Springer;ZBW - Leibniz Information Centre for Economics, vol. 100(4), pages 259-265, April.
    2. Silvio Contessi, 2012. "An application of conventional sovereign debt sustainability analysis to the current debt crises," Review, Federal Reserve Bank of St. Louis, vol. 94(May), pages 197-220.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    JEL classification:

    • E50 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - General
    • G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)
    • H62 - Public Economics - - National Budget, Deficit, and Debt - - - Deficit; Surplus

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